Key Decisions and Financial Results

The Board of Directors approved the following:

1. Un-Audited Financial Results (Consolidated and Standalone) for the quarter and half year ended September 30, 2026.

2. Material related party transactions, subject to approval of shareholders of the Company by way of Postal Ballot.

The meeting commenced at 11:00 AM and concluded at 1:25 PM.

Consolidated Financial Results (₹ in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from Operations: 26,600.98
  • Other Income: 1,558.85
  • Total Income: 28,159.83
  • Total Expenses: 19,451.76
  • Profit before tax: 9,122.38
  • Tax Expense: 2,331.60 (Current Tax: 2,331.60; Deferred Tax: (291.22); Tax adjustment of earlier years: (29.61))
  • Profit for the period: 6,790.78
  • Non-Controlling Interest: (276.60)
  • Profit after Tax and Non-Controlling Interest: 6,514.18
  • Other Comprehensive Income: (236.51)
  • Total Comprehensive Income attributable to Owners of the Parent: 6,310.87
  • Basic EPS: ₹1.56; Diluted EPS: ₹1.56

Half Year Ended September 30, 2026:

  • Revenue from Operations: 48,432.31
  • Other Income: 3,194.72
  • Total Income: 51,627.03
  • Total Expenses: 34,042.52
  • Profit before tax: 17,584.51
  • Tax Expense: 5,540.29 (Current Tax: 5,540.29; Deferred Tax: (1,023.65); Tax adjustment of earlier years: 23.65)
  • Profit for the period: 12,044.22
  • Non-Controlling Interest: (622.32)
  • Profit after Tax and Non-Controlling Interest: 11,421.90
  • Other Comprehensive Income: (183.35)
  • Total Comprehensive Income attributable to Owners of the Parent: 11,238.55

Standalone Financial Results (₹ in Lakhs)

Quarter Ended September 30, 2026:

  • Total Income: 13,484.13
  • Total Expenses: 7,814.68
  • Profit before tax: 5,669.45
  • Tax Expense: 1,464.42 (Current Tax: 1,449.91; Deferred Tax: 44.18; Tax adjustment of earlier years: (29.67))
  • Profit for the period: 4,205.03
  • Other Comprehensive Income: 18.45
  • Total Comprehensive Income: 4,223.48
  • Basic EPS: ₹1.04; Diluted EPS: ₹1.04

Half Year Ended September 30, 2026:

  • Total Income: 24,913.35
  • Total Expenses: 11,296.82
  • Profit before tax: 13,616.53
  • Tax Expense: 3,455.23 (Current Tax: 3,476.95; Deferred Tax: 7.95; Tax adjustment of earlier years: (29.67))
  • Profit for the period: 10,161.30
  • Other Comprehensive Income: 18.46
  • Total Comprehensive Income: 10,179.76

Segment-wise Performance (Consolidated, ₹ in Lakhs)

Quarter Ended September 30, 2026:

  • EPC Revenue: 6,298.11; Segment Result: 2,858.99
  • Real Estate Revenue: 20,321.24; Segment Result: 5,718.62
  • Unallocated: Segment Result: 555.62
  • Total Segment Revenue: 26,619.35
  • Less: Inter Segment Revenue: 18.37
  • Net Sales/Income from Operations: 26,600.98

Half Year Ended September 30, 2026:

  • EPC Revenue: 14,505.00; Segment Result: 7,561.79
  • Real Estate Revenue: 33,999.41; Segment Result: 8,414.03
  • Unallocated: Segment Result: 1,667.11
  • Total Segment Revenue: 48,504.41
  • Less: Inter Segment Revenue: 72.10
  • Net Sales/Income from Operations: 48,432.31

Assets and Liabilities (Consolidated, ₹ in Lakhs)

As at September 30, 2026:

  • Total Assets: 2,91,791.67
  • Total Equity: 2,41,466.33 (Equity attributable to owners: 2,26,643.80; Non-Controlling Interest: 13,014.06; Less: Consideration paid towards buy-back: 8,766.89)
  • Total Liabilities: 50,325.34 (Non-Current: 4,243.43; Current: 47,723.93)

Buyback of Shares

The Board of Directors, at its meeting held on September 1, 2026, approved the buy-back of fully paid-up equity shares of face value ₹2 each at a price not exceeding ₹171 per share, for an aggregate amount not exceeding ₹16,929.00 lakhs (excluding transaction costs), through the open market route using stock exchanges.

During the period from September 9, 2026 to September 30, 2026, the Company paid an aggregate consideration of ₹8,766.89 lakhs to buy back 69,25,000 equity shares. Since the actual extinguishment of shares happened on October 7, 2026, the effect of the buy-back has not been given in these results and the consideration paid has been presented as a deduction from Other Equity, pending extinguishment.

Auditor's Review

The unaudited financial results were reviewed by M/s. G. M. Kapadia & Co., Chartered Accountants, who issued a limited review report. The review report notes that the unaudited standalone financial results of eight subsidiaries (with significant assets and revenues) and certain associates/joint ventures were reviewed by other auditors, and the conclusion is based on their reports. One subsidiary and three associates were not reviewed by any auditor, and their results are certified by management.

Other Information

  • The financial results are available on the company's website (www.maninfra.com) and on the websites of NSE (www.nseindia.com) and BSE (www.bseindia.com).
  • Interest income of ₹4,600.32 lakhs for H1 FY26 arising from funding provided to real estate projects has been reclassified as Other Operating Revenue for better presentation. Comparative figures have been restated.
  • The segment information has been prepared based on the review by the Managing Director/Chief Operating Decision Maker (CODM) as per Ind AS 108.